Finish Line's stock price falls on disappointing results

Finish Line's stock price falls on disappointing results

Wedbush reissued their neutral rating on shares of Finish Line Inc (NASDAQ:FINL) in a report released on Friday.

Important factors to focus when evaluating a stock's present and future value are the 52 week price high and low levels. Dimensional Fund Advisors L P holds 3.44 million shares. Brean Capital downgraded Finish Line from a "buy" rating to a "hold" rating in a report on Monday, December 12th. Buckingham Research upgraded Finish Line Inc (NASDAQ:FINL) on Monday, August 3 to "Buy" rating. Finally, Mizuho began coverage on Finish Line in a research note on Thursday, December 15th. He writes articles for Analysis of different Companies including news and analyst rating updates.

After a much lower open, Finish Line's stock managed a brief rally to $13.93 before continuing its move lower. Twenty equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock.

"The fourth quarter was more challenging than we expected, which resulted in a disappointing finish to fiscal 2017", Sato told investors during the company's conference call.

Finish Line Inc. (FINL) topped its 52-week high price of $24.52 on Sep 7, 2016 and 52-Week Low Price of $15.18 on Mar 22, 2017. The company has market cap of $613.61 million.

For the year, consolidated net sales were $1.84 billion, an increase of 2.5% over the prior year.

The company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.70 by $0.20. Boston Partners has invested 0.04% in Finish Line Inc (NASDAQ:FINL). For the quarter to February 25, the company swung to a loss of $9.5 million, or 23 cents a share, from a profit of $4.0 million, or 9 cents a share, in the same period a year ago. While the actual EPS the company reported in the same quarter previous year was 0.83/share.

More news: S. Korean gov't to attempt lifting of sunken Sewol passenger ferry

Looking ahead at valuations, according to the consensus, the next fiscal year is forecast to bring about 1.45 in total earnings per share.

The business also recently declared a quarterly dividend, which was paid on Monday, March 13th. The ex-dividend date was Wednesday, February 22nd. Presently, it has a Return on Equity (ROE) of 0.20% and Return on Investment (ROI) of 4.10%. And for the quarter ended 2016-11-30, the contribution was $0.4888. Finish Line's payout ratio is now -285.71%. The stock was sold at an average price of $18.89, for a total value of $1,416,750.00.

This year, the company showed a solid 2.5 percent of growth. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The insider now directly owns 192,088 shares worth $3,084,933.

G2 Investment Partners Management Llc holds 5.71% of its portfolio in Varonis Systems Inc for 432,267 shares. Perhaps, that suggests something about why 3.05% of the outstanding share supply is held by institutional investors. Thompson Siegel & Walmsley LLC raised its position in shares of Finish Line by 63.3% in the fourth quarter.

Considering the performance, Finish Line Inc. Analyst Recommendation is an outlook of a stock-market analyst on a stock.

The Finish Line, Inc.is a specialty retailer. Comparing Finish Line's liquid assets to its debt would let me know if it's resilient enough.

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